Arhaus Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
ARHS$14.89-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (unaudited)
Arhaus, Inc. and SubsidiariesCondensed Consolidated Statements of Cash Flows(Unaudited, amounts in thousands)
| Nine months ended | ||
|---|---|---|
| September 30, | ||
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net income | $47,256 | $94,023 |
| Adjustments to reconcile net income to net cash provided by operating activities | ||
| Depreciation and amortization | 27,895 | 21,439 |
| Amortization of operating lease right-of-use asset | 27,432 | 24,733 |
| Amortization of deferred financing fees, interest on finance lease in excess of principal paid and interest on operating leases | 19,859 | 16,037 |
| Equity based compensation | 5,352 | 5,752 |
| Deferred tax assets | 3,769 | 256 |
| Amortization of cloud computing arrangements | 1,206 | 386 |
| Amortization and write-off of lease incentives | (80) | (241) |
| Insurance proceeds | — | 60 |
| Changes in operating assets and liabilities | ||
| Accounts receivable | 1,198 | (228) |
| Merchandise inventory | (40,304) | 17,399 |
| Prepaid and other assets | (6,527) | (4,363) |
| Other noncurrent liabilities | 224 | 273 |
| Accounts payable | 8,983 | (10,141) |
| Accrued expenses | (8,096) | 3,502 |
| Operating lease liabilities | (23,071) | (30,836) |
| Client deposits | 50,330 | 9,819 |
| Net cash provided by operating activities | 115,426 | 147,870 |
| Cash flows from investing activities | ||
| Purchases of property, furniture and equipment | (88,686) | (58,808) |
| Insurance proceeds | — | 333 |
| Net cash used in investing activities | (88,686) | (58,475) |
| Cash flows from financing activities | ||
| Principal payments under finance leases | (686) | (503) |
| Repurchase of shares for payment of withholding taxes for equity based compensation | (1,277) | (1,024) |
| Cash dividend payments | (70,144) | — |
| Net cash used in financing activities | (72,107) | (1,527) |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (45,367) | 87,868 |
| Cash, cash equivalents and restricted cash | ||
| Beginning of period | 226,305 | 152,527 |
| End of period | $180,938 | $240,395 |
| Supplemental disclosure of cash flow information | ||
| Interest paid in cash | $3,402 | $3,962 |
| Interest received in cash | 7,068 | 5,395 |
| Income taxes paid in cash | 16,001 | 28,856 |
| Noncash investing activities: | ||
| Purchase of property, furniture and equipment in current liabilities | 12,650 | 13,210 |
| Noncash financing activities: | ||
| Capital contributions | 24 | 42 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.